Southeast Asia Mining Corporation has received a silver-lead-zinc resource estimate of 2,895,500 indicated tonnes and 1,955,000 inferred tonnes for the Boh Yai and Song Toh historical operating mines in Thailand. The NI 43-101-compliant resource was estimated by ACA Howe International using historical diamond drilling results that were verified by analyses of stored core and pulp samples.
The resource is based on about 58,100 metres of historical diamond drilling at the Boh Yai and Song Toh mines. The mines were originally discovered by Cominco in 1948 and explored and operated by the German mining company Metalgesellschaft from 1969 to 1991 and subsequently by a private Thailand company Kemco until 2002 when they were closed due to depressed metal prices.
Historically the mines processed about 5.4 million tonnes of ore at the 1200 tonnes/day flotation plant. The plant was refurbished in 2008 by South East Asia and its joint venture partner when about 60,000 tonnes of ore were processed. Historical exploration at the mines was limited during operations and the exploration potential within the mines along strike and to depth and the surrounding properties is considered excellent.
South East Asia’s CEO Brian Jennings says, “It is very exciting to establish an NI 43-101 compliant resource based on the historical mine data which substantiates the mining records and confirms the future operating potential.
“South East Asia is a private company planning to go public and recommence production at Song Toh and Boh Yai and conduct a modern day exploration program on the properties surrounding the historical mines. The resource estimate and the recently announced amended joint venture agreement are significant corporate accomplishments which support a listing of our shares on a recognized stock exchange and the mine permitting process.”
Southeast Asia Mining also has a 100% interest in three special prospecting licences (1308 hectares) and seven special prospecting licence applications (4400 hectares) surrounding the Song Toh and Boh Yai mines and two special prospecting licence applications (2878 hectares) for copper-gold exploration in the Province of Lopburi and Nakon Sawan within the area of the Loei-Phetchabun Gold Belt.